Easy Trip Planners (EaseMyTrip) has entered into a definitive agreement, subject to closing conditions, with Yolo Traveltech Private Limited to acquire the brand name, technology, running business expertise, data and team of Yolo Traveltech Private Limited, operating under the name of YoloBus, on February 3, 2022.
The purpose of entering into the agreement is to fuel the future growth and expansion of the company.
YoloBus is a next-generation, premium intercity mobility platform that offers the best amenities, backed by technology, to make bus commute comfortable, safe, reliable and affordable. It is an asset light model, which works with bus aggregators.
By providing unique services, luxury coaches, pleasing designs, a smart fleet, and tech-friendly operations, YoloBus is revolutionising intercity bus transport across India and redefine the way new-age India travels. Last year, YoloBus had successfully raised Series-A funding, at a valuation of Rs. 84 crore, from marquee investors like Nexus Venture Partners & India Quotient.
